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Bahamas ‘must reengineer economy faster than ever’

* QC: 2018 will ‘set economy for 20 years’ * Warns reform pace may be bewildering * Warns of tax, exchange control ‘recalibrating’

THE Bahamas faces having to “substantially reengineer its economy at a much faster pace than ever before” to escape global ‘blacklists’, a prominent QC warned yesterday. Brian Moree QC, senior partner at McKinney, Bancroft & Hughes, told Tribune Business that this nation’s response to the European Union/OECD initiatives in 2018 “will determine the future of the economy” for possibly the next 20 years.

‘Hold Hutchison’s feet to the fire’, Govt told

Struggling retailers in the Port Lucaya area are demanding that the Government “hold Hutchison Whampoa’s feet to the fire” and claw back the 20-year extension of its tax breaks, should it fail to co-operate in solving Grand Bahama’s economic woes.

Water Corp’s ‘ludicrous’ 8 per cent debt recovery deals

THE Water & Sewerage Corporation’s chairman yesterday said he was reviewing pre-election contracts issued to two debt collectors who have recovered just 8 per cent of the $5 million assigned to them.

Flowers: I’m not firing staff

CRAIG Flowers says he has gone against the grain in opting not to lay off employees because it is not known if his company – FML Group of Companies - will suffer loss due to increased government taxes, which includes a five percent stamp tax on patrons.

WORLD VIEW: Today’s OAS - run by a few for a few

ON March 20 a reckless and irresponsible General Assembly (GA) was held by the Organization of American States (OAS), putting the health of many at risk and giving an entirely wrong example to the entire world.

WORLD VIEW: As Haitians suffer the world stays silent

ON February 20, the UN Security Council received a grim report of deteriorating human rights and collapsing rule of law in Haiti. The troubling situation includes widening malnutrition, kidnappings for ransom, rapes and gang violence.

9,000 in Abaco ask for help with food

SOME 9,000 people in Abaco have recently appealed to Idea Relief, a Bahamian non-profit organisation, for food assistance.A representative from the organisation revealed the figure yesterday.This comes after the group’s co-founder told The Tribune la

Everyone had a duty on UN trip, says Wells

TRANSPORT and Local Government Minister Renward Wells yesterday defended the size of Prime Minister Dr Hubert Minnis’ nearly 20-member delegation to the United Nations’ 73rd General Assembly, emphasising that “every Christ soul” that attended had a “

PLAYING SAFE: Entry controls on anyone who visited China in last 20 days, Two local residents already in quarantine at undisclosed location

THE government has banned travel from China because of the 2019 Novel Coronavirus, the fast-spreading epidemic that has killed 171 people and infected thousands overseas.

Bahamas Bowl: Bulls vs 49ers 'an historic milestone'

THE 2019 Makers Wanted Bahamas Bowl matchup between the Buffalo Bulls and the Charlotte 49ers will be an historic milestone for both programmes.Athletic directors and head coaches from both programmes got their first opportunity to experience the Bah

'We lost so we have to continue to grow as a team'

BUDDY Hield picked back up where he left off last season and continued to be the leading scorer for the Sacramento Kings in their 2019-20 preseason opening series.The Kings and Indiana Pacers played the NBA’s first ever games in India at the NCSI, SV

Rhema Otabor Junior Female Athlete of Year

OTABOR’S 2021 season featured milestone accomplishments in the javelin at both the collegiate and international levels.

GB Power needs ‘20 times’ existing plant on 30/30 goal

GRAND Bahama Power Company would need “20 times’” the size of its existing solar energy plant to achieve the Government’s “30 by 30” renewable goals, it was revealed yesterday.

Former COB employee has jail term cut by 40%

THE Court of Appeal has docked 40 percent of former College of the Bahamas employee Chimeka Gibbs’ 15-year sentence for stealing over $700,000 from the institution over a seven-year period. The appellate court said Gibbs will now serve nine years in

BPL ‘more ambitious’ than Govt with 20% renewables in 5 years

The Deputy Prime Minister yesterday touted Bahamas Power & Light’s (BPL) business plan as even “more ambitious” than the Government’s National Energy Policy (NEP), calling for renewables to generate 20 per cent of this nation’s electricity within five years.

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Bahamas ‘must reengineer economy faster than ever’

* QC: 2018 will ‘set economy for 20 years’ * Warns reform pace may be bewildering * Warns of tax, exchange control ‘recalibrating’

‘Hold Hutchison’s feet to the fire’, Govt told

Water Corp’s ‘ludicrous’ 8 per cent debt recovery deals

Flowers: I’m not firing staff

WORLD VIEW: Today’s OAS - run by a few for a few

WORLD VIEW: As Haitians suffer the world stays silent

9,000 in Abaco ask for help with food

Everyone had a duty on UN trip, says Wells

PLAYING SAFE: Entry controls on anyone who visited China in last 20 days, Two local residents already in quarantine at undisclosed location

Bahamas Bowl: Bulls vs 49ers 'an historic milestone'

'We lost so we have to continue to grow as a team'

Rhema Otabor Junior Female Athlete of Year

GB Power needs ‘20 times’ existing plant on 30/30 goal

Former COB employee has jail term cut by 40%

BPL ‘more ambitious’ than Govt with 20% renewables in 5 years

BORCO battles to recover $20-$30m in jetty damages

Sports in brief

Team Bahamas wins 33 medals, second overall

First Baptist emerge as champions

Jonquel Jones named one of 50 candidates for Naismith Trophy

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